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Disney's (DIS) Captain Marvel Takes Box Office by Storm

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Disney’s (DIS - Free Report) Captain Marvel lived up to expectations as the movie based on a Marvel character broke a number of records following its release on Mar 8, 2019. Per a CNBC report, the film is the highest grossing domestic movie to date in 2019 with collections of about $153 million.

Captain Marvel has become the third-highest domestic release of all times in the month of March and the seventh highest Marvel Cinematic Universe (MCU) debut film. Additionally, the film is the “second-highest grossing superhero origin film” after Black Panther, which collected $202 million on its debut.

Moreover,  Disney’s first female-led superhero film is estimated to have collected about $455 million globally. In the international markets, Captain Marvel became the fifth-highest debut of all time and the second-highest superhero film after Avengers: Infinity War.


The Walt Disney Company Revenue (TTM)

 

The Walt Disney Company Revenue (TTM) | The Walt Disney Company Quote

Can Studio Strength Aid Disney’s Top Line?

Disney’s Studio Entertainment segment’s revenues may get a boost owing to the impressive performance of Captain Marvel and a strong slate of upcoming movies including Avengers 4, Toy Story 4, The Lion King, and Star Wars: Episode IX.

Strength of Disney’s studio is depicted by the fact that it received 17 nominations including the Best Picture nomination at this year's Golden Globes. Marvel's Black Panther alone received seven nominations. Notably, Disney and Twenty-First Century Fox combined received a total of 37 nominations.

Additionally, success of films like Black Panther, Avengers: Infinity War and Incredibles 2 boosted the company’s 2018 box office results. Disney dominated 2018 box office with global collections of $7.33 billion, a little less than its previous record of $7.61 billion in 2016, per Variety.

Disney’s 2018 domestic box office collections were a record $3.09 billion, surpassing its previous record of $3 billion in 2016. Notably, worldwide box office collections in 2018 were $41.7 billion.

Marvel’s Popularity to Aid Disney+ Service

Disney’s upcoming streaming service, Disney+, is expected to benefit from the popularity of Marvel characters. The company is working on a TV series based on MCU characters including Loki and Scarlet Witch.

Disney+ is expected to disrupt the streaming space owing to its strong content slate, brand name and ability to market the service. Notably, Disney+ is estimated to on-board 160 million subscribers worldwide, per CNBC.

However, the Zacks Rank #3 (Hold) company will face stiff competition from major players like Netflix (NFLX - Free Report) and Amazon (AMZN - Free Report) , which continue to invest heavily in content and technology.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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